UPDATE: Stifel Initiates Coverage on Container Store Group on Positive Outlook

In a report published Tuesday, Stifel analyst David Schick initiated coverage on

with a Buy rating and $43.00 price target. In the report, Stifel noted, “We are initiating coverage of The Container Store Group, Inc. (TCS) with a Buy rating. We almost used the title ‘It's Hard to Contain Competitive Advantages Built by Patience', because that is what we see here. TCS is a prime example of ‘what works in retail' – syncing with key themes we have seen benefit retailers over the years. Most importantly, perhaps, is patience – to grow at a manageable pace and to under-earn (instead investing in employees and other stakeholders near term) with the understanding that it will be best for shareholders long term.” Container Store Group closed on Monday at $34.24.